4 Flipping Houses Mistakes Investors Make in Fort Worth

Are you thinking about jumping into investing in real estate and flipping houses? If so, then make sure you read this entire blog post and learn the most expensive blunders that house flippers tend to make… here are 4 flipping houses mistakes investors make in Fort Worth…

Flipping real estate can be highly lucrative… if you do it right. However, if you don’t do it right then it could end costing you a lot of money, time, and frustration. We’ve got you covered! We’re sharing 4 mistakes investors make when flipping houses in Fort Worth so you can avoid these blunders and improve the return on your investment.

House Flipping Mistake #1

If there’s one thing that every flipper learns pretty quickly it’s that you can never prepare for everything 100%. Brand new flippers often forget to “expect the unexpected.” For example, you can look at a property, assume it looks great, and then discover that there are termites. Or you might tear up a carpet and find mold. While troublesome, these problems aren’t the end of the world but for investors who aren’t prepared for them, they can be a costly shock. So, avoid this mistake by anticipating additional problems into your project plan, timeline, and budget.

House Flipping Mistake #2

Another mistake flippers make is to hire the cheapest labor possible. Rather than hire qualified professionals, flippers try to pad their profits by hiring any warm body. The problem is: cheap labor can actually be more expensive because they take longer and their work is not always up to the right standards (so it may need to be redone). Avoid this problem by hiring experienced tradespeople. You may spend more up-front but the work will be done right — quickly and the first time.

House Flipping Mistake #3

This is the problem that flippers are simply not even aware that it happens, but it does happen! It’s easy to become emotionally involved in the flip to the point where you forget that you are investing in a property for someone… and often what happens is, the flipper starts making renovation and decoration choices that THEY prefer (versus decisions that are cost-effective and will help to sell the properly quickly). To avoid this mistake, set a firm renovation and decoration budget and continually remind yourself that your goal is to create a house that can be sold at maximum profit.

House Flipping Mistake #4

Newbie flippers acquire a house and do all the heavy lifting to fix up the property, and then they make the mistake of assuming that the sale of the property will be easy. In some markets, it might be easy but in other markets, that’s not the case! Avoid underestimating the effort required to sell and instead, prepare yourself for investing some additional effort in finding buyers.

Summary

Flipping houses can be fun and profitable… or it can be frustrating and problematic. But you can make sure it’s fun and profitable by avoiding these 4 mistakes investors make when flipping houses in Fort Worth.

If you’re ready to get started with flipping houses and you want to check out what properties we have that might be perfect flips for you, click here now to enter your information or give us a call at (817) 550-5069 Opt# 8.

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Hear What Others Have To Say…

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Working with TMC Property Solutions was the best decision we made. Thanks to Tim and his team at TMC Property Solutions, we were able to stop our house from going to foreclosure and damaging our credit. We had lost our local jobs, accepted a new job out of state, and were in default several months, heading towards foreclosure fast! We did not want to have a foreclosure on our credit for the next several years. Tim was able to create a solution and stop the foreclosure the day before the sale date, even though the house needed some minor repairs. Tim completed everything he said he would and made the process simple and easy to understand. We are very pleased with TMC Property Solutions and their professionalism for helping us stop our house from foreclosure!

We would highly recommend Tim and TMC Property Solutions for anyone needing to sell their house fast to prevent foreclosure or any other circumstances!

Jonathan & Iris A.

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I want to thank TMC Property Solutions for the quick sale of my home. It was a smooth transition with no strings attached. Walked through each step of the process with knowledge of what will take place. Closing wrapped up in about 2 weeks. Check deposited. Freedom from debt. Thanks again for your help!

Marcia (Lisa)

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inherited a property in Granbury Texas and wanted to sell it quick and get the matter resolved. I did not want to have to worry about more costs and expenses. That’s when I decided to reach out to Tim at TMC Property Solutions. Thanks to Tim, Erika and his team at TMC Property Solutions, they were able to help me and take over my payments on my house with no hassle. Tim completed everything he said he would and made the process quick, simple and easy to understand. I am highly satisfied with TMC Property Solutions and their professionalism for helping me get through my situation. I’m also thankful for Tim taking the time to explain the process, which was very simple, for taking the time to answer my questions, and to help support me and my needs. I would highly recommend TMC Property Solutions for anyone needing to sell a house fast!

Bill

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My wife and I purchased our new home recently. Closing on our new home was a catastrophe, it took 12 weeks!!! Although this was completely due to the finance company, we did not want to chance another drawn out affair and the thought of making house payments on a home we did not live in until it sold was troubling. I had seen Tim’s truck from TMC Property Solutions around town so I called him out of the blue. He quickly responded to me with several offers and we came to an agreement on the spot. There was always an open line of communication and we were kept updated at all times. After the first meeting we closed in short order. I feel that Tim along with the work of his very pleasant team saved us several thousands of dollars that we would have spent on mortgage payments, electricity, water, taxes, etc. TMC Property Solutions comes highly recommended from us.

Jim and Lee R

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Recently my wife and I purchased our dream home. After a series of life circumstances we could no longer afford to keep up and soon fell behind on our mortgage payments. We were headed to foreclosure but thanks to Tim and his team at TMC Property Solutions, they were able to helps us avoid foreclosure and sell our house very fast. Tim made it amazingly easy to understand the process from start to finish and then completed everything he said he would, in a very short time. We are very pleased with TMC Property Solutions and their professional service, Tim’s team went well above in keeping me informed on everything and since I was out of state they did everything possible to make this process as headache free as possible. Tim took the time to help support our family and our needs. We highly recommend TMC Property Solutions for anyone needing to sell a house fast!

We are the premier Fort Worth house buyer, offering deeply discounted deals all across the metroplex. We either own or have all houses under contract listed on our website. All properties are sold for cash or hard money. It is the buyers responsibility to do your own due diligence and verify all information before signing our contract. We are happy to provide COMPS on any of our deals if needed. Prices are NET to seller with buyer paying ALL closing costs. Opinions of current or future market value / rents are given as a courtesy and no guarantees are expressed or implied. Our properties move fast so contact us NOW if there is a property you want to purchase before it’s gone. We look forward to doing business and making a lot of money together.

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